I have been living and working in Laos now for over 1 year and am using the term deposits in lao banks for both my own investment and allowing some mates in Australia and Thailand to invest through my account. We are currently getting 8.5% fixed interest for USD investments in one of the largest international banks in LAO. I also have some kip invested in a smaller bank and getting 16%. The kip and baht seem to be pretty close so most of my mates in Thailand invest in kip and then change currency before sending to Thailand.
I have had the money invested for over 1 year and have had no problems with the dividend or withdrawing of the capital. Compared to 2% that is offered in Australia it is a much better return. I think the rates in thai are pretty crap as well so its not a bad option.
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Lao banks - high term interest rates (11%)
in Laos General Chat
Posted
I have been living and working in Laos now for over 1 year and am using the term deposits in lao banks for both my own investment and allowing some mates in Australia and Thailand to invest through my account. We are currently getting 8.5% fixed interest for USD investments in one of the largest international banks in LAO. I also have some kip invested in a smaller bank and getting 16%. The kip and baht seem to be pretty close so most of my mates in Thailand invest in kip and then change currency before sending to Thailand.
I have had the money invested for over 1 year and have had no problems with the dividend or withdrawing of the capital. Compared to 2% that is offered in Australia it is a much better return. I think the rates in thai are pretty crap as well so its not a bad option.